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RE: LeoThread 2025-03-07 13:11

in LeoFinance7 months ago

Part 3/9:

His analysis draws on personal experience from the 2008 financial crisis, suggesting that a fundamental misunderstanding of economic dynamics exists among economists and policymakers. By speaking directly with individuals during this problematic time, he discovered that many were unable to spend because they simply didn’t have anything left to spend. As a result, the notion that lower interest rates would spur spending proved to be incorrect.

The COVID-19 Conundrum